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reid and move on to john boehner. [video clip] >> they are tired of partisan gridlock. i have one goal, to be obama. obama was reelected overwhelmingly. republicans want us to work together. democrats want us to work together. they want to reach a balanced approach to everything, but especially the situation we have with the huge deficit. taxes are a part of that. >> the american people have spoken. they have reelected president obama, and every elected a republican majority. if there was a mandate, it is a mandate for us to find a way to work together on the solutions to the challenges we all face as a nation. my message today is not one of confrontation, but one of conviction. mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. we want you to lead as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's do the right thing together for our country. host: ron, you are up first. what was the message to washington? caller: i really think co
. president obama isad odds with speaker boehner. am they be stuck in the same preelection grid lock. joining us is senior advisor to senator harry reed reed. and spokes man for boehner. welcome and glad to center you on board. start off with the situation with the president speaking out and saying as far as he is concerned wealthy americans will pay higher taxes and that ended with his reelection and he believes that voters validated his effort to make it happen. speaker boehner said raising taxes are unacceptable. >> you are seeing the classic positions and everybody wants to make sure they speak for their constitients. and they want to make they are addressing the concerns. what we will see next week a call for the president for the leadership to go down to the white house. there is not that much time. we have a fiscal looming cliff at the end of the year. hopefully we can get both sides to come to the right. >> it is important for the president to not be intransient. the stock market took a beating. and that should send a strong signal that taking more taxes out of the economy for the ben
. i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was coming up, but interest rates have remained low and the stock
developed, the way the parties are, tuesday night we are all in this together, boehner comes out the next day, yes, we can work this out, but over time, the reality is still up to very different parties with very different values, very different constituencies, and when republicans starts to get to squishy or a democrat starts to move to the middle, they get pounded on. shawn hannity, rush limbaugh, and shultz, and rachel maddow. i started seeing earlier, getting e-mails from the pccc, which is the progressive change campaign committee, which saw the success of 2010 on the right and said we could do the same thing on the left. there is just more and more movement on the extremes, demanding in the party faithful to stay faithful. we still have primaries and republicans have to figure out a way to avoid todd akins and richard mourdocks. there is no increase in the christine o'donnell vote, the witch vote. the republicans had five seats in the last two cycles for the have sacrificed a seat by nominating sharon engle and christine o'donnell, and now the two this time. republicans are going to
and speaker john boehner drawing different lines in the sand. will they break the stalemate? and if they don't -- that's coming up. >> greta: late today, david petraeus abruptly resigning after admitting to an extra-marital affair with his biographer. that's bad. but it gets worse. the resignation just days before general petraeus was set to testify at congressional hearings. coincidence? >> good evening, how are you? >> greta: i'm very well. congress pan, the affair, i mean, for the most part, i am trying to separate this out. it is a matter for general petraeus and his wife. but there is -- there is some parts of it that do have an implication. one is whether or not it's a security breach and that it should have been picked up and turned over to the house intel commits and whether or not that could be used as blackmail against him. your thought, sir? >> well, even someone as lowly as an assistant u.s. attorney has to undergo a background check with very invasive questions and you are expected to tell the truth and you are asked under penalty of perjury. so you can increase that expoinentia
boehner are telling different stories. will they break the stalemate? for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. petraeus abruptly resigning after admitting to an extra-marital affair with his biographer. that's bad. but it gets worse. the resignation just days before general petraeus was set to testify at congressional hearings. coincidence? >> good evening, how are you? >> greta: i'm very well. congress pan, the affair, i mean, for the most part, i am trying to separate this out. it is a matter for general petraeus and his wife. but there is -- there is some parts of it that do have an implication. one is whether or not it's a security breach and that it should have been picked
john boehner said friday he would only be open to raising more money by closing tax loopholes. >> and i'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. >> everyone would be affected. payroll taxes would increase and bush era tax cuts would end. the unemploy wood see benefits run out and -- unemployed would see benefits run out and the congressional budget office is already warning of a 9.6% unemployment rate and double dip recession. >> very unusual for them to predict a recession if the fiscal cliff is not resolved. >> a solution may be sound say some in the president's largely ignored bipartisan debt commission. >> we've got the fiscal cliff bearing down on us. so why not look on simpson bowles although it's over two years later? >> and looming for our area, possible massive job cuts if automatic pentagon cuts are not stopped. at risk, 207,000 jobs in virginia, 114,000 jobs in maryland and 127,000 jobs in the district. tom fitzgerald, fox 5 news. >>
there was john boehner drawing the line not against tax increases, but increases in tax rates. >> listen, the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know from ernst & young 700,000 jobs would be destroyed. we also know that it would slow down our economy. >> president obama from his part came into the east room. he also drew a line, but the line he drew was not insisting on higher tax rates but on higher tax revenues. >>> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> so, larry, balance is the key for president obama, not necessarily increases in tax rates. signs of conciliation on both sides and late this afternoon the bipartisan policy center which has been pushing for a simpson bowles-type solution said they were encouraged by the flexibility shown on both side says. john harwood, appreciate it and let's get reaction, and we have republican whip senator joh
john boehner offered a compromise in week in which he says i am willing to put more revenue on to the table but with through closing deductions end gd loopholes not through raising rates. can you accept a compromise as part of the whole deal that doesn't raise the push tax rate on the wealthy? >> how much revenue are we going to generate as part of a balanced package. in their framework they assume the amount of revenue as if we started tax reform from a 39 percent rate. that is part of their built in assumption. i am all for doing tax reform. the issue is from what starting point. i think the bowl starting point which assumies that revenue fro 39 percent is the right way to go to get the mix they got in hitting their deficit reduction target. if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out stil
and the president. speaker boehner said tax hik eshehikes aren't acceptable. senator mcconnell the republican leader in senate said that he won't raise taxes to turn off those spending cuts. if senator mcconnell and speaker boehner don't bend, do you still believe the president should go up to the brink. >> here we are, our country has a tremendous debt and deficit problem. we also have a challenge in making sure that we educate our work force, we need to make sure we care for our veterans who need that care today. we need to have research and we need to be able to compete in a global marketplace, those investments are important. everyone who has looked at this, including the supercommittee that i served on, said we need to have revenue as part of the solution to this problem as well as looking at entitlements and spending cuts. what the missing ingredient is revenue. that's what we face right now. if our republican counterparts can step forward with that revenue piece we'll be able to find a solution. >> and if not, go off a cliff? >> well, clearly, we have the ability between now and the end of th
, john boehner, said quote, everything on the revenue side and on the sp spending side has to be looked at but when it comes to specifics he put the ball firmly in barack obama's court. >> i don't want to box myself in or anyone else in. i think it is important for us to come to an dpe agreement with the president but this is his opportunity to lead. >> here to sort what call of this must mean, we have all angles covered, including from the white house ahead of this daily briefing. we have jessica yellin, athena jones and ali velshi in new york. let me begin with you. we were watching the president walk in the east room. i noticed standing ovation. the energy in the room. the president pulled out his own pen saying yes, i'm ready to sign the bill flanked by marylandle class americans. when it comes to middle-clax tax cuts it sounds like the president is sticking to his guns. >> his terms are fairly stark. he's willing to negotiate on entitlements, medicare, medicaid. the white house democrats consider that a huge give the democratic party but what he is not willing to negotiate on is ra
crisis visiting our nation so far. and while president obama and house speaker boehner say they're willing to compromise they seem to have drawn the line at the issue of raising taxes. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue and means asking the wealthiest americans to pay more in taxes how we did it when bill clinton was president and the only way we can afford to invest in job training and manufacturing. all the ingredients of a strong middle class and a strong economy. some said despite the risk we should let our nation's economy go off part of the fiscal cliff in january allowing the top two rates to rise and they believe that doing that will generate more revenue for the federal government. here is the problem with that, raising those rates on january 1st would, according to the independent firm, ernst & young, destroy 700,000 american jobs. >> kelly: all right. angela mcglowan is a political analyst and joining us today, ladies, what we can see right now, there has to be some compromise, but washington is once again fin
boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interviews with them. president obama held a press conference meanwhile today on everything from the fis
cliff. what he wants is higher taxes for the top earners. and speaker boehner is already saying on that part of this deal, no-dice. >> racing tax rates is unacceptable. and it couldn't even pass the house. putting increased revenues through reforming the tax code, i would do that if the president were serious about solving our spending problem and trying to secure our entitlement programs. i'm confident he and i can find the common ground necessary. bill: that's the same potion had the weekend before the election. meanwhile there are strong warning the fiscal cliff could have dire consequences. lay out the stakes here. what are they? >> according to the congressional budget office, the bean counters in congress, they say recession. if you cut spending and raise taxes as is planned january 1 you get a recession and a 1.9% -- you get a 9.1% unemployment rate next year. the republicans are saying do not raise tax rates. the democrats are saying, president obama and harry reid are saying tax the rich, raise tax rates. this is all about tax rates. the democrats led by president obama
. >> chris: let's talk about taxes that got most of the attention. congressman van hollen, john boehner offered a compromise this week where he said yes, i am willing to put more revenue on the table but through closing deductions, ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal that doesn't raise the bush tax rate on the wealthy? >> well, here is the issue. how much revenue are we going to generate part of a balanced package? i take my lead on this from simpson-bowles and their framework. in their framework, they assume the amount of revenue as if you started tax reform from a 3% rate. that is part -- 39% rate. that's part of their built-in assumption. i am all for doing tax reform. the issue is from what starting point. the simpson-bowles starting point which assumes the revenue from 39% is the right way to go to get the mix that they got in hitting their deficit reduction target. but look, if what the speaker boehner was saying is that he is truly willing to get what we consider congressional budget office revenue, we can work with
boehner offered a compromise this week and he said, yes, i'm willing to put more revenue on the table, but, through closing deductions and ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal, that doesn't raise the bush tax rate on the wealthy? >> well, here's the issue. how much revenue are we going to generate as part of the balanced package and i take my lead from simpson-bowles in their framework and they assume the amount of revenue as if you started tax reform from a 39% rate. that is part of their built-in assumption and i'm all for doing tax reform. the issue is, from what starting point. and i think the simpson-bowles starting point, which assumes that revenue from 39%, is the right way to go to get the next they got in hitting the deficit reduction target and if what speaker boehner was saying, he is truly willing to get what we consider congressional budget office scorable revenue, then we can begin to work with one another. if what we are simply saying is what republicans used to say, we will lower rates on the wealthy, and, that
directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably here from his senior adviser, david plouffe. the one thing that is interesting, if you look at the polls on the question of income tax rates, you have 47% that want to increase for those about 250,000. no increase for anyone tax increases, and 13%, increases for all. 47% 1,250,000 or above and 48% don't raise them at all or reason for everyone. so, you know, if you look at the exit polls, there is not really a definitive answer there. the republicans are going to say this is not t
, john boehner making public comments and neither one sounding like a compromise is anywhere -- >> well, the tone is certainly nicer than what we've heard, right? the president saying i'm not wedded to any one aspect of this. i'm open to compromise and new ideas. what i heard the president say and talking to white house officials, he certainly feels like this election gave him a victory on his point of view about taxes. he wants wealthier americans to pay more. he wants that balanced approached and he wants to drive a hard bargain on that piece of it. i would look for this to happen in some stages. avoid going off that fiscal cliff and spending cuts and tax increases by the end of the year and maybe take an initial stab at tax reform and maybe this happens in bits and pieces. >> talk to senator schumer and coburn and reaction to the petraeus resignation and more on what the republican party does in the future now after this loss. >> david gregory of "meet the press" thank you. >> it airs at 10:30 sunday morning here on nbc 4. >>> leon panetta says the military did all it could to respon
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
with john boehner, the senate republican leader mitch mcconnell. is he planning on sitting down with those two republican leaders any time soon? is the white house saying? >> reporter: there's nothing announced for a leaders meeting so far. but i am certain, wolf, that that will be coming because there's such important negotiations ahead. i'm told that the president's conversation with speaker boehner was courteous, it was brief. and i'm told that they also discussed the importance of keeping their public statements vague or general enough so that they leave themselves enough private negotiating room to get a deal done to avoid the fiscal cliff, wolf. >> that's probably smart too. thanks very much for that, jessica. let's dig a little bit deeper right now with our chief political analyst gloria borger. isn't his responsibility right now though to take the first step, offer a proposal to boehner, to mcconnell, to the republicans? we assume that the democrats, nancy pelosi would go along and harry reid would go along with the president. >> well, i think as jessica's saying, the president bel
boehner today or not? >> no. this was no olive branch, larry. i was quite disappointed with that speech and press conference. and you noted that the stock market really collapsed as president obama was speaking because he seems not just today but the event that he had on friday, the two statements that he's made, he's been pretty emphatic that he wants those tax rates to go up, come hell or high water. that is going to lead to a mexican standoff with the republicans if he sticks with that position. i'd like to make one other point about that press conference, larry. i listened to the whole 45 minutes to 60-minute press conference, and not once that i could hear in that speech did he talk about the most important thing, which is cutting government spending. why don't we get the government spending down and then talk about raising taxes? >> you know, if you google up spending and obama, you know what you get? nothing. blank pages. you get nothing. >> in fact, larry, he said he wants his $100 billion stimulus, he wants more spending when he's talking -- trying to talk about lowering the de
democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said on tuesday
have problems. >>neil: read 'em and leap. taxes will go up. and up a lot. speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street journal" reporter says you could be look at 50 percent top rate. or more. here we go. >>reporter: that is true if the live in the state of california or someone like you would works, why know if you live in new york but you work in new york and the tax rates in new york city could go do 50 percent and california as high as 52 percent, we have not seen rates that high since the 1970's. >>neil: leave aside what will happen on health care people forget this is a lot more than just returning to the clinton top rate of 39.6 percent. it is
cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what
to be back where we started on the edge of a fiscal cliff. president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the bush tax cuts for families making $250,000, less than $250 a year. he's been very explicit. tax rates will be raised for people who make more than that amount of money. so how did the president respond to john boehner's line in the sand? well we haven't heard from him since he returned to washington yesterday. we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the defi
president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've got real concessions in terms of getting a comprehensive tax reform bill and we've got real concessions
Search Results 0 to 49 of about 240 (some duplicates have been removed)

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